January canola is up $3.40 per metric ton (mt), March canola is up $4.00 per metric ton (mt), March soybean oil is up .22 cents/pound, February European rapeseed is up .75 euro per mt and February Malaysian palm oil is down .07%. March oats are up 1/4 cents/bushel. February crude oil is up $.05 per barrel, February ULSD is up $.0315 per gallon, and the March Canadian dollar is up .00005 at .73345. The March U.S. Dollar Index is up .078 at 97.810 and the January Brazilian real is up .00254 at 0.18174.

Grain and oilseed markets are quietly drifting into the New Year's break with little fresh news to disrupt that. Soybean oil is displaying relative strength, albeit minor, reaching prices not seen since the Dec. 16 breakdown. Follow through gains in the diesel market can likely take the credit. The result has been a quiet, inside trading day for canola following a week of volatile moves that ended up going nowhere.

Outside markets are doing the same with treasuries and the U.S. dollar remaining quietly higher while equity markets continue to trade slightly weaker. The recovery in precious metals has settled down with silver remaining $5.55/ounce higher and gold up almost $36/ounce. As suggested, energy markets continue to trade slightly higher on geopolitical tensions.

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